Tyler Perry Slams Insurance Companies Over Cancelling Home Policies Amid Los Angeles Wildfires
The actor-filmmaker shared an Instagram post to slam insurance companies over exploiting people in "pure greed."
Amid the devastating California wildfires that have wreaked havoc across Los Angeles, actor-filmmaker Tyler Perry has raised his voice against insurance companies cancelling thousands of home insurance policies. On Sunday, the 55-year-old shared a heartfelt note, condemning the companies for exploiting people and reflecting on the “gut-wrenching" scenes he witnessed in his neighbourhood.
Tyler Perry’s statement comes amid reports highlighting a growing crisis in Los Angeles, where insurers are opting not to renew thousands of home insurance policies in fire-prone areas like Pacific Palisades. According to The Los Angeles Times, State Farm General Insurance has announced it will not renew 30,000 home and condominium policies upon expiration, with over 1,600 of those homes located in Pacific Palisades, leaving residents vulnerable and without adequate means to recover their losses.
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In response to this, Tyler Perry in his Instagram post recalled watching a daughter using the garden hose to protect her 90-year-old parents’ home because their insurance was cancelled. Slamming insurance companies over the same, he added, “Does anyone else find it appalling that insurance companies can take billions of dollars out of communities for years and then, all of a sudden, be allowed to cancel millions of policies for the very people they became rich on? People who have paid premiums all of their lives are left with nothing because of pure greed."
Further in the note, he spoke about trying to help as many people as possible while also keeping everyone in his prayers.
While the insurance companies have been facing massive backlash over dropping home policies, the California Department of Insurance (CDI) has announced a one-year moratorium on the cancellation of homeowners insurance policies. This prevents insurers from cancelling or not renewing homeowners’ policies in specific areas, especially those affected by wildfires.
The moratorium safeguards all homeowners, including those in condominiums, mobile homes, and residential rental properties. It applies to both policy cancellations and non-renewals related to wildfire risks.
As of Monday, January 13, the Los Angeles fires have killed 24 people so far with evacuation efforts still underway at several places. Several Hollywood stars and celebrities have come forward to extend their help to the affected people including the likes of Beyonce, Jamie Lee Curtis, Halle Berry, Sharon Stone, and more.
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